Việt Nam News

Electronic product prices are increasing by up to 20 per cent due to a shortage of parts and rising transport costs, and the price rise is expected to continue.

Nguyễn Thị Hồng, deputy governor of the State Bank of Việt Nam (SBV), has just approved a plan for digital transformation of the banking industry by 2025, with a vision to 2030.

Prime Minister Phạm Minh Chính has ordered the Ministry of Planning and Investment to conduct a thorough review to remove inefficient State-invested projects and focus the budget on necessary projects in the 2021-25 period, with an aim to have about 5,000 projects invested by the State budget in this period.

Capital market development helps State-owned enterprises (SOEs) enhance the transparency of corporate governance, thereby promoting transaction volume on the market and increasing liquidity for state shareholders, an official has said.

Many container shipping lines have announced further increases in transportation fees starting from late May, which was pushing import-export companies into a lot of difficulty.

Asia Commercial Bank (ACB) expects its pre-tax profit this year up by more than 10 per cent compared to 2020, the bank announced at the Annual General Meeting of Shareholders in 2021 held recently.

Shares ended higher on Tuesday on local investors' buying force, while foreign investors continued to flee from the stock market. 

The Indonesian-based Gojek will launch car-hailing and e-payments services in Việt Nam this year, similar to those already provided by Grab and the Be Group.

Turkey is looking into an anti-dumping case against polyester flat yarn (HS 5402.47) imports from Việt Nam, according to the country's trade representative in Turkey.

Car companies are offering new door-to-door services and digitised shopping experiences to boost consumption amid the latest outbreak of the COVID-19 pandemic in Viet Nam.

The Philippines’s move to lower tariffs on imported rice will open opportunities for Việt Nam to maintain stable supply of the product for the country and help it stabilise the domestic market, the Vietnamese Ministry of Industry and Trade has said.

Tourism businesses should be flexible to foster domestic travel amid the Covid-19 pandemic, experts have said.

Việt Nam stock market opened Monday on positive note, heading to new historical high of 1,300 points. Meanwhile, foreign investors still flew out of market with a total net sold value of nearly VNĐ668 billion.

This change is expected to have a strong impact on enterprises whose export activities are enjoying GSP incentives from the EAEU markets, especially the Russian market. 

The S&P Global Ratings announced late last week that it had retained Việt Nam’s sovereign credit rating and improved its economic outlook to 'positive' from 'stable'.

Masan Consumer (MCH) will pay a 45 per cent cash dividend for 2020 on June 14.

The Sherpa Company Limited, a subsidiary of Masan Group Corporation, announced on May 24 the signing of an agreement to acquire 20 per cent of Phúc Long Heritage Joint Stock Company for US$15 million.

Boasting fast economic growth, expansion of middle-class population, young and dynamic workforce, stable socio-political environment, and better business climate, Việt Nam is truly an ideal destination for Australia firms.